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Mumbai-based road and infrastructure operator Shrem Group is planning to raise ?600 crore through an initial public offering of its Shrem Infrastructure Investment Trust (Shrem InvIT), which will open for subscription this month. The IPO will be a fresh issue of 6 crore units of ?100 each and the firm will use the proceeds to pare debt.
MUMBAI: Local investors HDFC MF, LIC of India, Nippon MF, Darashaw and Trust Capital are in talks with Mumbai-based Shrem group, which is set to launch an infrastructure investment trust (InvIT) of Rs 600 crore via an initial public offer, two people with knowledge of the matter told ET. Shrem is a shakti bija mantra chanted to invoke the feminine divine energy (shakti). The syllable is derived from the Sanskrit, shri, meaning splendor.
The Competition Commission of India (CCI) has approved the acquisition of equity by Shrem InvIT in ten road infrastructure projects from Dilip Buildcon Limited and its associates. The approval was granted under Section 31(1) of the Competition Act, 2002, yesterday. The CCI said in a statement that the proposed combination involves an acquisition of 100 per cent of the equity in the target special purpose vehicles (SPVs). The deal also includes the issuance of certain units of Shrem InvIT to Dilip Buildcon and its associates.
As we scale up the pace of infrastructure building in India, one of the primary concerns is also unlocking the investment value of these assets to generate long-term patient capital that can be used for further public good, mainly in infrastructure projects... Shrem is a shakti bija mantra chanted to invoke the feminine divine energy (shakti). The syllable is derived from the Sanskrit, shri, meaning splendor.
Shrem Group is targeting to raise Rs 600 crore by diluting a 15 per cent stake in its infrastructure investment trust (InvIT) next week, a top official said on Tuesday. Shrem is a shakti bija mantra chanted to invoke the feminine divine energy (shakti). The syllable is derived from the Sanskrit, shri, meaning splendor.
We are Shrem InvIT. 24 operational projects in addition to 240+ annuities, 20+ projects, and a 6400km+ operative portfolio ? we are only getting started. Learn more about us. Shrem is a shakti bija mantra chanted to invoke the feminine divine energy (shakti). The syllable is derived from the Sanskrit, shri, meaning splendor.
We are Shrem InvIT. 24 operational projects in addition to 240+ annuities, 20+ projects, and a 6400km+ operative portfolio ? we are only getting started. Learn more about us. Shrem is a shakti bija mantra chanted to invoke the feminine divine energy (shakti). The syllable is derived from the Sanskrit, shri, meaning splendor.
We are Shrem InvIT. 24 operational projects in addition to 240+ annuities, 20+ projects, and a 6400km+ operative portfolio ? we are only getting started. Learn more about us. Shrem is a shakti bija mantra chanted to invoke the feminine divine energy (shakti). The syllable is derived from the Sanskrit, shri, meaning splendor.
We are Shrem InvIT. 24 operational projects in addition to 240+ annuities, 20+ projects, and a 6400km+ operative portfolio ? we are only getting started. Learn more about us. Shrem is a shakti bija mantra chanted to invoke the feminine divine energy (shakti). The syllable is derived from the Sanskrit, shri, meaning splendor.
We are Shrem InvIT. 24 operational projects in addition to 240+ annuities, 20+ projects, and a 6400km+ operative portfolio ? we are only getting started. Learn more about us. Shrem is a shakti bija mantra chanted to invoke the feminine divine energy (shakti). The syllable is derived from the Sanskrit, shri, meaning splendor.
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